Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Medtronic options about one week from expiration was $94.14. The chart above shows the exact max pain for each expiration date.

Medtronic closed above its near-term max pain on 13 of the last 20 trading days. On Nov 4, 2026 it closed at $105.00, 11.5% above max pain of $94.14.

Over the last 20 trading days, near-term max pain for Medtronic ranged from $90.43 to $96.00. It went from $90.43 on Oct 8, 2026 to $94.14 on Nov 4, 2026. See the MDT max pain history for a longer view.

One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases.